And there is a plus according to the macro planners, I bet. Keeps inflation low, less money chasing goods and services.
I believe that today "full employment" is not the goal, but rather an unemployment rate that keeps inflation manageable is the goal.
RE: anti-"free traders" are socialists
Oh yeah?! So's your old man.
Above it all IMO are the Davos, Switzerland, U.N., and other internationalists and their "raise everyone's boat" one-world socialist schemes. Why else would DLC New Democrat Third Way "progressives" buy into such capitalist things as "Americans do not have a right to a job" (in so many words) and labor arbitrage? They intend to manage globalization based upon rules-based (their rules) "free trade." They need "greedy" corporations' market economy to create prosperity in developing countries. IMO, American workers are paying for the developing world's free lunch and tomorrow's world socialist government -- and that after as taxpayers the workers helped pay for developing countries' infrastructures to support today's modern facilities. IMO.
"Free traders" scrambling to get to developing countries are the one-world socialists' useful idiots.
Enjoy your wealth "free traders," except for the truly wealthy you are not likely to keep it long -- oh, and thanks for the one-world Third Way, Marxist government. Coming soon.
indeed, it seems that most freepers won't be happy until every american has an $8/hr service job. I just do not understand what is wrong with these people. Middle class private sector workers are the backbone of the Republican party. If we dilute that sector - the more people who move down the income scale, or who hold jobs where their compensation is provided in whole or in part by government (municipal workers, education, health care) - the more Democratic voters we create.